Global Lidocaine Market: Information by Formulation (Injections, Creams, Ointments, Gels, Aerosol Liquids and others), by Application (Dentistry, Cardiac Arrhythmia, Epilepsy, Cosmetics and others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Others) by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
Market Highlights
The global lidocaine market is expected to register a CAGR of 8.40 % during the forecast period and is anticipated to account for a market value of USD 1,476.09 million by 2021. Lidocaine is a local anesthetic and cardiac depressant which is used as an antiarrhythmic agent. The growing geriatric population, increasing application of lidocaine in several dental procedures, and rising incidence of dental caries and other periodontal diseases are expected to propel the growth of the global lidocaine market over the forecast period.
Moreover, ongoing research and development activities related to lidocaine are anticipated to present new opportunities for the market. For instance, Scilex Pharmaceuticals Inc., a subsidiary of Sorrento Therapeutics, Inc. received approval from the US Food and Drug Administration (FDA) for the product ZTlido (lidocaine topical system). However, government regulations related to the safety and efficacy of lidocaine may hamper the market growth.
Key Players
The Global lidocaine patches market are AstraZeneca Plc, Pfizer, Inc., Glenmark Pharmaceuticals, Amneal Pharmaceuticals LLC, Centura Pharmaceuticals, Inc., Taro Pharmaceuticals USA, Inc., Endo Pharmaceutical Inc., Teligent, Inc., Mylan Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd and Sorrento Therapeutics, Inc.
Regional Market Summary
Global Lidocaine Market, by Formulation
Internal Use
Injection
Others
Global Lidocaine Market, by Application
- Medicines
- Cosmetics
- Others
Global Lidocaine Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- E-Commerce
Global Lidocaine Market, by Region
- Americas
- North America
- US
- Canada
- South America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
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